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Funding period
2014–20212021–2028

Showing all data for 2014–2021

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Programme· LV-INNOVATION · 2014–2021

Business Development, Innovation and SMEs

  • Latvia
  • Programme Agreement
  • 1 programme area

Increased value creation and sustainable growth

Programme objective, as agreed.

Allocation

€11m

Allocation by financial mechanism: Norway Grants 100%.

  • EEA Grants None
  • Norway Grants €11m

Funded by Norway Grants

€15m 140% of allocation
Contracted in signed projects
56
Projects signed
1
Donor programme partners
1
Documents published

Where the money is committed

This programme commits its whole allocation to one programme area.

This programme's allocation by programme area.
Programme areaAllocationShare
Business Development, Innovation and SMEs PA01€11m100.0%

Who runs it

Responsible bodies

Programme operator
Investment and Development Agency of Latvia
National focal point
Ministry of Finance
Short name
LV-INNOVATION
Type
Programme Agreement

Donor programme partners

Institutions from Iceland, Liechtenstein and Norway working on this programme.

Bilateral ambitions

shall be allocated to the programme from the fund for bilateral relations. This does not prevent the Joint Committee for Bilateral Funds from allocating additional funds to the programme.

Conditions in the programme agreement

One concern was recorded against this programme when it was agreed.

  • In managing this programme the Investment and Development Agency of Latvia shall operate with autonomy and independence of the Ministry of Economics of the Republic of Latvia. The Ministry of Economics is together with the Investment and Development Agency of Latvia, responsible for the preparation of the programme.

The 56 projects

€15m of awarded grant.

Open all 56 in the explorer

Signed per year

  • 14 2021
  • 37 2022
  • 5 2023
Smallest grant
€26k
Median
€130k
Largest
€2.1m
The largest projects under this programme, by awarded grant.
Largest projectsSignedGrant
Tech Business Centre (TBC) Investment and Development Agency of Latvia25 October 2021€2.1m
INTRODUCTION OF AN INNOVATIVE AND ENVIRONMENTALLY FRIENDLY PRODUCT INTO PRODUCTION NDB TIMBER9 December 2021€600k
Establishment of extruded foam (XPS) board factory GreenDeck SIA1 April 2023€600k
Increasing the competitiveness of SIA “VIZULO” in the field of green innovations VIZULO7 December 2021€600k
Introduction of a new products - terrace boards and high quality lattering – into production by innovative woodprocessing technology VUDLANDE18 January 2022€600k
Green innovation with digitalized loading Jaunmīlgrāvja ostas kompānija SIA7 February 2022€584k
High valuated investments for implementing novel, eco-innovative products and green technologies in SIA "Stikla Serviss" Stikla Serviss SIA1 September 2022€583k
Introduction of new products into the production with an aim to reduce environmental impact and to promote the efficient use of natural resources SFM Latvia SIA2 May 2023€571k

Implementation status is not published for this funding period, so projects are shown by awarded grant and signature date rather than by progress.

Documents and calls

Published against this programme.

Documents published against this programme.
TypeDocumentVersion dateVersion
Programme AgreementProgramme agreement LV-INNOVATION13 May 202518.0